7118 Nob Hill Rd Tamarac, FL 33321
- Retail space
- 30,507 SF
- 3.45 lot acres
Current Use by Public Records
- Kare Cleaners / Dry Cleaner
- Linx Dry Cleaners / Dry Cleaner
Property Details for 7118 Nob Hill Rd
- Year built
- 1992
- Construction
- CONCRETE
- Lot size
- 3.45 lot acres
- Property size
- 30,507 SF
- Zone code
- NC
- Property type
- Retail space
- APN
- 49-41-05-28-0020
- APU
- 494105280020
Description
Point Plaza, located at 7118 N Nob Hill Road in Tamarac, Florida, presents a compelling investment opportunity. This 3.45-acre retail center boasts a diverse tenant mix including retail stores, medical offices, restaurants, a convenience store, and professional offices, currently housing fourteen tenants. Multiple suites are available for lease, offering flexible space options to suit various business needs. Specifically, Suite 7170 offers 2,300 square feet, Suite 7158 provides 1,166 square feet, Suite 7144 encompasses 912 square feet, and Suite 7132 offers 1,166 square feet. Additionally, Suites 7130 (1,165 sq ft) and 7132 can be combined to create a larger 2,331 square foot space. The lease rate is competitively priced at $22.00 per square foot, with additional net, net, net (NNN) costs of $7.85 per square foot. A minimum three-year lease term is required by the landlord. This property offers excellent visibility and accessibility within a thriving Tamarac commercial corridor, making it an ideal investment for discerning buyers seeking a strong return on investment in a well-established retail center. The diverse tenant mix ensures a stable income stream, and the available spaces provide opportunities for expansion or new business ventures. This is a rare opportunity to acquire a well-positioned retail property in a high-demand location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,065,000
- 6.5%
- $4,270,000
- 7%
- $4,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,525,000
- Geo Method
- $3,985,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,000,000
- Retail
- $4,875,000
- Mixed-Use
- $3,520,000
- Hospitality
- $4,440,000
- Educational
- $3,550,000
- Residential Income
- $4,310,000
- Energy
- $4,865,000
- Income-Based Land
- $4,775,000
- Food Service
- $4,545,000
Location Insight
- Map
- Local Demand
- City
- Tamarac
- County
- Broward
- State
- Florida
- Longitude
- -80.2849
- Latitude
- 26.2115
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
